Cardinal Financial Corporation Increases Quarterly Dividend and Accelerates Payment to Shareholders
Cardinal Financial Corporation Increases Quarterly Dividend and Accelerates Payment to Shareholders
TYSONS CORNER, Va.--(BUSINESS WIRE)-- Cardinal Financial Corporation (NAS: CFNL) (the "Company") today announced that its Board of Directors has declared an accelerated first quarter 2013 cash dividend and increased it to $0.05 per share. This $0.01 per share increase reflects a 25% increase from the previous quarter.
Bernard H. Clineburg, Chairman and Chief Executive Officer of the Company, said:
"The increase and acceleration of our quarterly dividend reflects our ongoing commitment to enhance shareholder value and appreciation to our shareholders for their continued support."
This dividend will be paid on December 28, 2012 to shareholders of record as of the close of business on December 17, 2012.
About Cardinal Financial Corporation: Cardinal Financial Corporation, a financial holding company headquartered in Tysons Corner, Virginia with assets of $3.01 billion at September 30, 2012, serves the Washington Metropolitan region through its wholly-owned subsidiary, Cardinal Bank, with 27 conveniently located banking offices. Cardinal also operates several other subsidiaries: George Mason Mortgage, LLC, and Cardinal First Mortgage, LLC, residential mortgage lending companies based in Fairfax, with 16 offices throughout the Washington Metropolitan region; Cardinal Trust and Investment Services, a trust division; Cardinal Wealth Services, Inc., a full-service brokerage company; and Wilson/Bennett Capital Management, Inc., an asset management company. The Company's stock is traded on NASDAQ (CFNL). For additional information please visit our Web site at www.cardinalbank.com or call (703) 584-3400.
Cardinal Financial Corporation
Bernard H. Clineburg
Chairman & Chief Executive Officer
or
Mark A. Wendel
EVP & Chief Financial Officer
703-584-3400
KEYWORDS: United States North America Virginia
INDUSTRY KEYWORDS:
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